Triple-S Management Corp. (GTS) Stake Lowered by First Trust Advisors LP
First Trust Advisors LP decreased its position in Triple-S Management Corp. (NYSE:GTS) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 12,415 shares of the company’s stock after selling 783 shares during the period. First Trust Advisors LP owned about 0.05% of Triple-S Management Corp. worth $303,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. TIAA CREF Investment Management LLC raised its position in Triple-S Management Corp. by 21.4% in the first quarter. TIAA CREF Investment Management LLC now owns 150,439 shares of the company’s stock worth $3,740,000 after buying an additional 26,546 shares during the last quarter. Teachers Advisors Inc. increased its stake in Triple-S Management Corp. by 26.9% in the first quarter. Teachers Advisors Inc. now owns 53,280 shares of the company’s stock valued at $1,325,000 after buying an additional 11,281 shares during the period. Prudential Financial Inc. increased its stake in Triple-S Management Corp. by 29.7% in the first quarter. Prudential Financial Inc. now owns 292,456 shares of the company’s stock valued at $7,270,000 after buying an additional 67,000 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Triple-S Management Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 612,832 shares of the company’s stock valued at $15,235,000 after buying an additional 14,295 shares during the period. Finally, Spark Investment Management LLC increased its stake in Triple-S Management Corp. by 563.6% in the first quarter. Spark Investment Management LLC now owns 94,900 shares of the company’s stock valued at $2,359,000 after buying an additional 80,600 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Triple-S Management Corp. (NYSE:GTS) traded up 0.61% during mid-day trading on Friday, reaching $21.54. The company had a trading volume of 63,786 shares. The stock has a 50-day moving average of $21.93 and a 200 day moving average of $23.84. The company has a market capitalization of $530.40 million, a price-to-earnings ratio of 20.85 and a beta of 0.95. Triple-S Management Corp. has a 12-month low of $17.78 and a 12-month high of $27.70.
Triple-S Management Corp. (NYSE:GTS) last posted its earnings results on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.16. Triple-S Management Corp. had a net margin of 0.84% and a return on equity of 3.31%. The company earned $747.40 million during the quarter, compared to the consensus estimate of $749.56 million. During the same quarter in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts expect that Triple-S Management Corp. will post $1.03 EPS for the current year.
Several analysts recently issued reports on GTS shares. TheStreet upgraded Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Zacks Investment Research upgraded Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
Triple-S Management Corp. Company Profile
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
Want to see what other hedge funds are holding GTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triple-S Management Corp. (NYSE:GTS).
Receive News & Ratings for Triple-S Management Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management Corp. and related companies with MarketBeat.com's FREE daily email newsletter.